Ray White Commercial Victoria is pleased to offer 114, 114A and 114B Nepean Highway, Seaford, as one freehold opportunity, to market via public auction on Friday 27th October 2017 at 1:00pm on-site.
Located prominently on Nepean Highway with dual street frontage (Nepean Hwy & Broughton Street), this is certainly the opportunity of a lifetime if you are looking for a multi-tenanted investment with the added bonus of future development potential (STCA).
All three properties are located right on Nepean Highway amongst an array of established and complimenting businesses, benefitting substantially from the large amount of passing traffic that Nepean Highway is exposed to on a daily basis.
Boasting dual street frontage with ample council car-parking at the rear, this unique property lends itself to not only investors, but those looking to invest now and develop in the future (STCA).
Whatever it may be that you are looking for in your next commercial property purchase; this is certainly one that you cant ignore!
The Opportunity
- Combined rental $55,123.56 incl GST plus Outgoings
- Combined total building area 150m2 approx
- Combined total land area 501m2 approx
- Main Road Frontage with second street frontage at rear backing onto council parking
- Business 1 zoning (B1Z)
The Tenancies
- 114 Nepean Hwy Dog Grooming Business T/A Barking Mad
- Current rental $19,200 pa incl GST plus Outgoings
- Three (3) year lease commenced December 2016
- Further term of three (3) years
- 114A Nepean Hwy Laundromat T/A Seaford Beach Laundromat
- Current rental $16,426.92 pa incl GST plus Outgoings
- Three (3) year lease commenced December 2012
- New lease commencing September 2018 with two (2) terms of three (3) years each
- New rental as of September 2018 $18444 incl GST plus Outgoings
- 114B Nepean Hwy Naturopathic Clinic T/A Little Earth Health
- Current rental $19,496.64 pa incl GST plus Outgoings
- Three (3) year lease commenced August 2014
- Current term - Three (3) years as of August 2017 with one further term of three (3) years
All three properties to be auctioned as one on-site 27th October 2017 at 1pm.
